In June 2013, currency held by individuals and businesses was $1,124 billion; traveler's checks were $4 billion; checkable deposits owned by individuals and businesses were $1,402 billion; savings deposits were $6,884 billion; time deposits were $583 billion; and money market funds and other deposits were $647 billion. Calculate M1 and M2 in June 2013.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “In June 2013, currency held by individuals and businesses was $1,124 billion; traveler's checks were $4 billion; checkable deposits owned ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Greg is the purchasing manager at a jeans-manufacturing company. He knows he could save his company money by using cheaper, thinner cotton, but he says, "Our customers count on us to provide a durable product. I do not want to let them down.
Answers (1)
Skysong Corporation had income from operations of $6,503,700. In addition, it suffered an unusual and infrequent pretax loss of $789,900 from a volcano eruption, interest revenue of $18,630, and a write-down on buildings of $56,090.
Answers (1)
Bradford Company derived the following cost relationship from a regression analysis of its monthly manufacturing overhead cost: C = $83,000 + $12M where: C = monthly manufacturing overhead cost, and M =
Answers (1)
On April 1st, Mark the Builder entered into a contract of one-month duration to build a barn for Nick. Mark is guaranteed to receive a base fee of $4300 for his services in addition to a bonus depending on when the project is completed.
Answers (1)
Indicate whether each of the following statements is true or false. 1. A company has the following assets at the end of the year: cash on hand $40,000, cash refund due from customer $30,000, and checking account balance $22,000.
Answers (1)
New Questions in Business
Becky Fenton has 85/170/95 automobile insurance coverage. If two other people are awarded $130,000 each for injuries in an auto accident in which Becky was judged at fault, how much of this judgment would the insurance cover?
Answers (1)
Popular magazines rank colleges and universities on their "academic quality" in serving undergraduate students. describe two categorical variables and two quantitative variables that you might record for each student.
Answers (1)
The following loan options are available from a local financial institution Loan A £20,000 borrowed for 5 years @ 8% interest rate Loan B £20,000 borrowed for 7 years @ 6% interest rate Which one of these would be the best and why?
Answers (1)
Cameron Manufacturing Co.'s static budget at 5,000 units of production includes $40,000 for direct labor and $5,000 for variable electric power. Total fixed costs are $25,000.
Answers (1)
Allset Motors, a manufacturer of self-driving delivery trucks, is working on developing its next-generation vehicles.
Answers (1)